In this paper we investigate the effect of Donald Trump's campaign for coal in his successful race for the White House in 2016. Using a spatial Durbin model we estimate the effect of coal production on the Republicans vote share in the US Presidential Election of 2016 on the county level. To...

We analyze the effect of wind turbines on the prices of houses in their proximity. Utilizing the universe of Danish house transactions since 1992 and data on all turbines ever established in Denmark, we are able to control for individual house fixed effects. We distinguish between effects of...

In this paper we investigate the effect of Donald Trump’s campaign for coal in his successful race for the White House in 2016. Using a spatial Durbin model we estimate the effect of coal production on the Republicans vote share in the US Presidential Election of 2016 on the county level. To...

Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...

We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously...

Scandinavian countries are often portrayed in policy debates as model examples having shown how to square concerns for efficiency and equity. The core principle of the Scandinavian welfare model is an individual entitlement to public sector provisions combined with collective financing via...

Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...

We show that the creation of the first integrated pan-European transport network during Roman times influences economic integration over two millennia. Drawing on spatially highly disaggregated data on excavated Roman ceramics, we document that interregional trade was strongly influenced by...

Hamilton (2018) suggests that the Kilian (2009) index of global real economic activity is misleading and calls for alternative measures. The problem documented by Hamilton is a consequence of a coding mistake. Specifically, the index of nominal freight rates underlying the Kilian index was...